Planning processes, development potential and house prices: contesting positive and normative argumentation
Titel:
Planning processes, development potential and house prices: contesting positive and normative argumentation
Auteur:
Kauko, Tom
Verschenen in:
Housing, theory and society
Paginering:
Jaargang 20 (2003) nr. 3 pagina's 113-126
Jaar:
2003-09
Inhoud:
Spatial planning influences the value formation of land, a central component in the price formation of urban housing. However, the underlying causal mechanism is extremely complex. The outcome may depend on various effects related to a constrained market, improved amenities or policy of particular (land) development-planning regimes. In today's European context informal aspects - negotiation and collaboration - may also be relevant. Due to the problematic relationship between economic and non-economic values, the literature is far from reaching consensus about the theory model behind the processes of value formation. The tensions between existing and desired outcome lead to speculation about the role of planning preferences and decision-making in determining the location specific value potential and vice versa, the role of the essential nature of value in formulating and implementing the goals of the planning process. If there is a disparity between the existing and desired levels of market outcome, measures may be taken to adapt market friction parameters. The two institutional ideal approaches are a market-led approach without market friction parameters and a hierarchical actor-led approach. Between these two extremes emerges a broad approach, where the outcome is determined by an interactive network of actors.
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